Toowong is a leafy city rim haven filled with a mix of grand Queenslander homes, worker’s cottages, older style unit complexes through to the contemporary luxury riverfront apartments.
Here, we delve into the Toowong property market to find out what makes this suburb so highly sought-after. We also look at the 2021 Toowong market update, current Toowong property prices and the Toowong suburb profile.
The median sale price for Toowong is currently $920,000. Apartments in Toowong are achieving a median sale price of $442,500. In the rental sector, houses in Toowong average rent of $575pw while apartments in Toowong average rent of $430pw.
Just a stone’s throw from the city, Toowong has gone from strength to strength in 2021, with many families and professionals drawn to the enviable inner-city lifestyle on offer.
A buzzing hub of restaurants and cafes, with great schools, parks including Mt Coot-tha and active transport options, have made Toowong a desirable suburb for many.
In the past year, we’ve seen West End’s culinary institution The Gunshop Café open its second location on Jephson Street, the Vera Street Community Garden reopen to the public and the cherished Goldicott House saved from redevelopment.
Demand for Toowong reaches record levels in 2021
With so much on offer in Toowong, it’s not surprising that demand for the area is at record levels.
More than 300,000+ searches are being made by buyers for properties in Toowong, every single month. According to realestate.com.au, that number has increased by 38% since 2020.
In December 2019, the median sale price for a house in Toowong was $880,000. Since then, property values have increased by an impressive 10.22% in just 18 short months.
As of May 2021, the median sale price for a house in Toowong is now $970,000.
Interested to know more?
Your free 2021 Local Market Report includes our Toowong Property Market Update, Toowong Suburb Profile and Toowong Property Values.
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Toowong Property Prices: June update based on the most recent property data released from CoreLogic (February 2021). Demand for Toowong: The number of monthly buy or rent searches on realestate.com.au in March 2021.